*Axis Bank Ltd. - QIP Launched*
_*Key Deal Specs*_
Bloomberg: AXSB IN; NSE: AXISBANK; BSE:532215
Indicative Deal Size: *INR 100,000 MM (USD 1,334 MM)* - Base deal size up to INR 80,000 MM (USD 1,067 MM) with an option to upsize up to additional INR 20,000 MM (USD 267 MM)
Indicative Offer Price: *₹420.10*
SEBI Floor Price: *₹ 442.19 per share*
Last Closing Price: *₹429.15* as per NSE on August 4, 2020
Indicative Discount to last closing price: *2.1%*
_*Key Timelines*_
Launch of Transaction: Tuesday, August 4, 2020
Receipt of EOIs (Issuer retains the option to early close) – Wednesday, August 5, 2020
Receive filled-in application form along with pay-in of subscription money: Monday, August 10, 2020
BRLM: *Axis Capital*